The turmeric market stands at a pivotal moment in 2025 as the Free Trade Agreement (FTA) between India and the UK opens new horizons for the world’s largest producer. With India commanding over 80% of global turmeric supply and producing around 1.116 million tonnes in 2024–25, access to the UK market is expected to inject fresh demand—especially as the UK’s South Asian diaspora supports both raw and value-added turmeric products. Traditionally, India’s top buyers have been Bangladesh, UAE, the US, and Malaysia, but the new trade pact aims to diversify India’s export base and reach an ambitious $602 million export target by 2030. Farmers, empowered by this export optimism, have begun to withhold stocks, anticipating price spikes, while traders are carefully monitoring both the domestic and international landscape.
With production focused in Maharashtra, Tamil Nadu, Telangana, and Karnataka, and with the 2026 harvest prices already projected to climb, the mood of the market is growing bullish on future prospects—provided weather patterns remain favorable and trade routes stay open.
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Turmeric whole
FOB 2.63 €/kg
(from IN)
Turmeric powder
FOB 3.43 €/kg
(from IN)
Turmeric dried
finger salem,double polished, grade A
FOB 1.67 €/kg
(from IN)
📈 Prices
| Product | Origin | Location | Delivery Terms | Latest Price (EUR/kg) | Previous Price (EUR/kg) | Weekly Change (%) | Date |
|---|---|---|---|---|---|---|---|
| Turmeric whole (organic) | IN | New Delhi | FOB | 2.60 | 2.63 | -1.1% | 2025-07-26 |
| Turmeric powder (organic) | IN | New Delhi | FOB | 3.40 | 3.42 | -0.6% | 2025-07-26 |
| Turmeric dried (finger salem, grade A) | IN | Telangana | FOB | 1.64 | 1.67 | -1.8% | 2025-07-26 |
| Turmeric dried (finger nizamabad, grade A) | IN | Telangana | FOB | 1.56 | 1.59 | -1.9% | 2025-07-26 |
Market Sentiment: Cautiously bullish with strong export optimism but slight short-term pressure from farmer stock holding and selective buying by traders.
🌍 Supply & Demand
- India: Maintains 80% global market share; 1.116 million tonnes projected in 2024–25.
- Top Buyers (2024–25): Bangladesh (26,285 t), UAE (22,062 t), US (6,689 t), Malaysia (6,419 t).
- Potential New Market: UK, enabled by FTA and large diaspora; ready for both raw and value-added turmeric imports.
- Production Hubs: Maharashtra (~25% of India’s total), Tamil Nadu (145,000 t), Telangana (133,000 t), Karnataka (107,000 t).
- Farmer Behavior: Holding back stock, awaiting anticipated off-season price rises.
📊 Fundamentals
- Total Global Production: ~1.3 million tonnes (India dominant)
- India’s Export Target 2030: $602 million
- Exports 2024–25: 137,000 tonnes shipped
- Value-added Products: Increasing UK interest could further raise demand.
- Trader Strategies: Selective procurement based on global demand signals; monitoring for new price triggers from FTA developments.
⛅ Weather Outlook
- Maharashtra: Monsoon forecast remains near average, ensuring stable output.
- Tamil Nadu & Telangana: Scattered showers, no major drought threat, good soil moisture levels reported.
- Potential Risks: Late monsoon withdrawal or localized flooding could disrupt harvest timing and quality. Ongoing monitoring needed for pest outbreaks.
- Price Sensitivity: Any adverse weather could quickly lift prices due to tight stock holding.
🌐 Global Production & Stocks
| Country | Share (%) | Production Volume (t) | Export Share (%) |
|---|---|---|---|
| India | ~80 | 1,116,000 | 74 |
| Bangladesh | 8 | ~104,000 | n/a |
| Myanmar | 7 | ~91,000 | n/a |
| Indonesia/Other | 5 | ~65,000 | n/a |
📆 Trading Outlook & Recommendations
- Producers/Farmers: Consider gradual release of stocks as fresh UK orders materialize and trade clarity emerges.
- Exporters: Leverage duty-free access to UK with forward contracts, focus on value-added turmeric products.
- Importers: Secure medium-term contracts while prices remain stable, monitor Indian stock movement and shipping schedules.
- Traders: Watch global supply chain shifts, especially speculative activity post-FTA; expect increased volatility near the 2026 harvest.
- Risk: Keep an eye on monsoon updates and policy changes impacting export logistics.
🔮 3-Day Regional Price Forecast
| Product | Current Price (EUR/kg) | Forecast (Day 1) | Forecast (Day 2) | Forecast (Day 3) |
|---|---|---|---|---|
| Turmeric whole (organic) | 2.60 | 2.62 | 2.63 | 2.64 |
| Turmeric powder (organic) | 3.40 | 3.42 | 3.44 | 3.45 |
| Turmeric dried (finger salem) | 1.64 | 1.65 | 1.67 | 1.68 |
| Turmeric dried (finger nizamabad) | 1.56 | 1.57 | 1.58 | 1.59 |
Short-term outlook is positive as the UK-India FTA drives new orders and trader sentiment remains cautiously optimistic.
